LVMH's Arnault Family Moves to Cement Control With Ownership Overhaul — Update

By Andrea FiguerasThe Arnault family set out a plan to simplify the structure of the companies that hold LVMH in a move designed to secure the clan's long-term control over the luxury-goods giant.Under the plan, two holding companies controlled by the family of LVMH boss Bernard Arnault will be mer…